MCQ - Money CA Foundation Notes | EduRev

Economics for CA CPT

Created by: Aditi Mittal

CA Foundation : MCQ - Money CA Foundation Notes | EduRev

 Page 1


CPT Section C General  Economics Chapter 8 Unit 1  
CA Shweta Poojari 
Page 2


CPT Section C General  Economics Chapter 8 Unit 1  
CA Shweta Poojari 
MCQs 
Page 3


CPT Section C General  Economics Chapter 8 Unit 1  
CA Shweta Poojari 
MCQs 
a. Lack of common 
measure of value. 
b. Lack of double 
coincidence of wants. 
c. Difficulty in storage of 
extra goods. 
d. All of the above. 
 
Answer: D 
Explanation: Refer 
Slide No.4   
 
Page 4


CPT Section C General  Economics Chapter 8 Unit 1  
CA Shweta Poojari 
MCQs 
a. Lack of common 
measure of value. 
b. Lack of double 
coincidence of wants. 
c. Difficulty in storage of 
extra goods. 
d. All of the above. 
 
Answer: D 
Explanation: Refer 
Slide No.4   
 
a. Medium of exchange 
b. Measure of value 
c. Standard of deferred 
payments 
d. All of the above 
Answer: D 
Explanation: All the 
Options refer to some 
function of Money 
and money is also 
defined as “Money is 
what money does”. 
Page 5


CPT Section C General  Economics Chapter 8 Unit 1  
CA Shweta Poojari 
MCQs 
a. Lack of common 
measure of value. 
b. Lack of double 
coincidence of wants. 
c. Difficulty in storage of 
extra goods. 
d. All of the above. 
 
Answer: D 
Explanation: Refer 
Slide No.4   
 
a. Medium of exchange 
b. Measure of value 
c. Standard of deferred 
payments 
d. All of the above 
Answer: D 
Explanation: All the 
Options refer to some 
function of Money 
and money is also 
defined as “Money is 
what money does”. 
a. Medium of 
exchange 
b. Measure of value 
c. Standard of 
deferred payments 
d. All of the above 
Answer: A 
Explanation: Money as a 
medium of exchange is 
used in the sale and 
purchase of goods and 
services. Therefore, 
double coincidence of 
wants is not required. 
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